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Daytrading:Know when to Hold’em…Know when to Fold’em!
By Sean Hyman | April 23, 2009
So far, today is one of those days where the movements are mild so far (except in the exotic currencies: USD/ZAR and EUR/TRY which are the biggest % gainers on the day).
Nothing is either gaining or falling rapidly today. Daytraders typically need momentum and breakouts and days like today (unless it changes all of the sudden) are not conducive to that.
Now, if someone is a range trader and they play ranges, picking something in the “middle of the pack” like AUD/CAD, CHF/JPY, etc.
Sean Hyman
www.forextradingblog.com
Tags: AUD, blog, breakout, cad, CHF, currencies, EUR, forex, forextrading, jpy, momentum, movement, Sean Hyman, trade, trader, USD
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